Business Development Manager

Company Description LokSuvidha Finance Limited, founded in 2008, focuses on making affordable and accessible finance available to consumers in rural and semi-urban India. The organization bridges the gap in the formal credit ecosystem by connecting first-time and underbanked customers with formal financial institutions through an inclusive, on-ground approach. With deep expertise in local markets, customer behavior, and income patterns, LokSuvidha offers practical and flexible financing solutions tailored to emerging India. The company operates across Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, and Bihar, providing E-Rickshaw, Two-Wheeler, and EV Battery Loans that support mobility and income generation. LokSuvidha is driven by responsible lending, long-term relationships, financial inclusion, and sustainable economic growth.

Role Description This is a full-time, on-site Business Development Manager role based in Vidisha. The Business Development Manager will identify and develop new business opportunities in target markets, with a focus on rural and semi-urban segments. Responsibilities include building and managing relationships with channel partners, dealers, and local stakeholders, and supporting lead generation, customer acquisition, and portfolio growth for products such as E-Rickshaw, Two-Wheeler, and EV Battery Loans. The role involves conducting market research, tracking competitor activities, and providing feedback to product and leadership teams to refine offerings and processes. The Business Development Manager will also oversee field teams, ensure adherence to credit and compliance policies, monitor portfolio quality, and prepare regular reports on sales performance and market trends.

Qualifications

• Proven skills in business development, sales, and relationship management, preferably in financial services, NBFCs, or microfinance.
• Strong abilities in market research, customer profiling, and local market mapping within rural and semi-urban contexts.
• Competence in negotiation, presentation, and communication to engage partners, customers, and internal stakeholders effectively.
• Experience with basic credit understanding, portfolio monitoring, and adherence to risk and compliance guidelines.
• Comfort working in the field, including regular visits to dealers, partners, and customer locations in and around Vidisha.
• Bachelors degree in Business, Finance, Marketing, or a related field; an MBA or equivalent postgraduate qualification is an advantage.
• Proficiency in MS Office tools (Excel, PowerPoint, Word) for reporting, analysis, and presentations.
• Ability to work independently, meet targets, and manage time and priorities in a fast-paced environment.
• Familiarity with two-wheeler, e-rickshaw, or EV ecosystem is a plus.
• Fluency in English and Hindi;